Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

553
Posts
252
Votes
Dave Rav
  • Summerville, SC
252
Votes |
553
Posts

Late fees during the pandemic

Dave Rav
  • Summerville, SC
Posted

We are now 3-4 months into the COVID-19 crisis.  Thankfully, all our tenants continue to pay rent.  A few have been late.  One in particular, has been provided an extended grace period at least 3 times during the past 6 months.  By this I mean zero late fees applied.  Last month they were 12 days late and I told them next month we need rent on-time, in the window of the normal 5-day grace period, or they would be charged a late fee.  This month, it is looking like they will not be compliant paying on-time.  Last I heard, both income earner tenants were still employed.  (one is a trucker and the other works for the county)  I am charging them the $50 late.  Am I being too aggressive or insensitive?

Most Popular Reply

User Stats

1,873
Posts
2,097
Votes
Jeff Copeland
  • Real Estate Broker
  • Tampa Bay/St Petersburg, FL
2,097
Votes |
1,873
Posts
Jeff Copeland
  • Real Estate Broker
  • Tampa Bay/St Petersburg, FL
Replied

If your state moratorium on evictions has been lifted, that just means that owners of "non-covered” properties can return to normal and file evictions.

Evictions on "covered" properties are still banned by federal law.

See: https://evict.com/?page=video_... for a ton of legal resources and opinions. Obviously ignore the state-specific stuff if you aren't in Florida, but the covered vs. non-covered issue is nationwide.

  • Jeff Copeland
business profile image
Copeland Morgan LLC
4.7 stars
69 Reviews

Loading replies...